Topic: Simple BITCOIN Analysis - page 2. (Read 366 times)
No one knows what other people analyze because people will always try to buy low and sell high. But if somehow, they are buying bitcoin at a high price, they can cut losses when the price is down, or they still hold the bitcoin while they expect to see another higher price than can be more than the price they bought. The simple analysis for me will be if the price is trying to down, I will watch closely to see if the price is really down or it is just because of the order buy at the market. If the price is really down, I will set the price that I want to place so I could expect that my order buy will fill, although I will not always see my order buy gets fills in the next minutes.
Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.
not every time and not always.it all depends on the overall market trend of that time. for example during 2015 to start of 2018 market was mainly in bull mode so every rise was followed by a correction (the drop you refer to) and obviously after the correction the rise continues so it may seem like after every drop there is a buy that brings the price to higher value.
but then during start of 2018 to first quarter of 2019 bitcoin was in a bear market so there was a downtrend and every drop was followed by a reverse correction and then followed by more drop.
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Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.
What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.
No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
your conclusion depends on a big assumption that majority of the market participants are newbies who don't understand market trends. What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.
No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
Well, I mean there has to be someone at one point having a lot of money and willing to sell.
There can't be just buyers here. When you buy, someone sells their coins to you. Right? There's always going to be a person interested in buying and on the other side someone willing to sell.
The trend can't keep just like straight lines and parabolic upward movements, especially in this space where we basically can't really calculate how much Bitcoin should be worth, not even by approximation. There'll always be corrections.
There can't be just buyers here. When you buy, someone sells their coins to you. Right? There's always going to be a person interested in buying and on the other side someone willing to sell.
The trend can't keep just like straight lines and parabolic upward movements, especially in this space where we basically can't really calculate how much Bitcoin should be worth, not even by approximation. There'll always be corrections.
Most people certainly have a bullish expectation from the bitcoin market and the so called experts do put some high numbers in media that boost the morale of the investors.
Till people believe bitcoin can rise, bitcoin would surely rise. So, buying at every dips won't hurt as the won't stop anywhere below the last ATH.
Till people believe bitcoin can rise, bitcoin would surely rise. So, buying at every dips won't hurt as the won't stop anywhere below the last ATH.
The question is are you buying and selling bitcoin because of other people's decisions?
Of course people are trading bitcoin in hope of getting rich but the key thing, if you are a trader is to know when to enter the market and when too exit without being too greedy.
Greed is one of the biggest cause of losses to traders. At one point BTC price will definitely peak but let's worry about that tomorrow. Make more BTC today.
Of course people are trading bitcoin in hope of getting rich but the key thing, if you are a trader is to know when to enter the market and when too exit without being too greedy.
Greed is one of the biggest cause of losses to traders. At one point BTC price will definitely peak but let's worry about that tomorrow. Make more BTC today.
Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.
Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.
No need to think about the risk if you are ever been into this scenario for so long. Every bitcoin investor is only waiting for the right time to buy and sell. And just like now, the price has a bit lower now so this is basically a good time to buy.Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.
What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.
No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
It's FOMO.No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
We are used to it and those investors that never learn from their mistakes will keep on committing the same mistake. They'll always be in the between of breaking even or losing.
Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.
Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.
What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.
No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.
Trade safely .
Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.
What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.
No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.
Trade safely .
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